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FashionDollarStore.com is gaining more traffic, although very little.
It just passed BasicallyCotton in the 3 month rank on Alexa.
It also now has a US rank showing.
Still very low, though. Maybe all the traffic is just us investors checking it out!
The site itself looks good. The only page that looked unfinished was the "About Us" link at the bottom of each page.
Hoping that means it'll be launched very soon.
Here's a site with 3 nice and recent reviews of SnorEnz.
http://stopsnoringforlife.com/snoring-causes/snorenz-original-anti-snoring-spray-reviews/
Well, I'd revise that to say "accounting" instead of "math". The numbers add up, but sometimes it's the wrong numbers being added.
I expect that auditors will strongly advise him (or require him) to hire an experienced accountant for all future reports.
I'm just catching up with messages from the weekend, and finally found one with an original and valid point:
If you look at MDIN's last quarter's Balance sheet, you will see that this is heavily unbalanced.
Does 733K = 232K + (-670K)?? NO!!
Well said.
"try to be patient". I agree. Look what happened to this stock from October to February.
Up huge, reaching a penny in November, then settled back to .0020's
Then big news, up huge in March to a penny again, and now again settled back to .0020's.
More consistent good news will move this up big.
Downside is small at these prices, given the history of where it based last time (in January and February).
Upside is potentially 100x, given the very real possibility of 8 to 10 cents in sales per share this year, and a Price/Sales ratio of 3.
So, why not keep at least a small amount of expendable money here, for the potential 100-fold gains?
By your logic, the only way any stock can go down is by VNDM diluting.
However, plenty of stocks go down every day for hundreds of other reasons.
Total dollar volume on the day so far is just $15,000.
That's small change.
Selling in the last hour amounted to just $5000.
That's one or two people getting tired and unloading some shares.
Thanks for sharing that email, but that's old news.
At least, the 70M shares that were previously restricted but then became free trading. That's what made them raise the announced float from 168M to 238M in their end-of-2012 report.
These 70M were already in the outstanding share total, so they didn't raise that number, and that's the more important number for stock valuation.
Sounds like there was another 9 million, so perhaps the total came to 79M in the end, but still, none of that raised the outstanding share total.
and exactly how did you interpret the statement "shouldn't be long now"?
It could be interpreted as weeks or months, depending on who you ask, but he gave no specifics back then, and few people really know how long it typically takes.
Those shares have all been sold at the ask
VNDM traded 44,644,171 shares in March and 109,437,213 shares in April, looks to be getting worse instead of better.
WHERE ARE THE SHARES COMING FROM?????
VNDM is looking tired and getting bored. lol
Yes, ask came down, but the spread had been very large, at .0027 to .0033.
Then, the bid went to .0026, and ask had come as low as .0029 at the time.
Then bid went up to .0027 for a while, and now up at .0028, while ask is up to .0030.
Let's see if this continues in the "up" direction on both sides.
he should only tweet about facts, and not what his vague friday schedule looks like.
Keep in mind that he may not be allowed to give certain details that you may want to hear, until specifics have been verified. He might know that one product surpassed another product, but it might take a few weeks to verify the exact dollar figures.
Great, now 3 months later the website still looks unprofessional and has not been updated, nor have we heard anything regarding an overhaul
The one thing he does need to work on is the website, and I'll mention it to him, it doesn't look as professional as it should be to represent the quality of the company and it's products.
So I'd say by the end of May or mid June we'll have authenticated 1st quarterly reports, he's probably also working on getting a full annual report for last year done as well.
Does it mean MDIN already had made another $ 5 millions in new revenues on the Pet Product alone?
MAXM is trading shares......
the online sales is what is feeding into the brick and mortars..as well; the potential for online sales net is alot higher and has more of an "avalanche" or "snow ball" affect.
Lol!!!! When Nick put out this tweet, all he meant was that HEforP sales passed Snorenz sales for the week?
At the very minimum, he should have made it clear that he was referring to Revenue sales.
Yes, I agree he could manage the tweets better. However, I've seen different types of CEO behavior, and a year ago I saw similar behavior in a different penny stock which I've made a huge profit on.
In that other stock, I interpreted it as an over-eager CEO who was frustrated by the share price not reflecting the growth of the business, and was excited about the business and wanting to find ways to hint as to the disconnect between the two. He would say more than he should have said. He said things that were premature, but eventually panned out. I correctly read it as over-eagerness and optimism, and I made a ton of profit on the stock.
Sometimes CEOs need to learn patience, but if you can read the difference between over-eagerness and intentional deception, you can make a lot of money.
In Nick's case, I think it's the same situation. He's eager to show the world the great success he's been having. He's tired of the doubters. It reminds me so much of the other stock from last year.
Yes, thanks for posting.
This message is consistent with other emails posted, in tone and content.
If profits are good, though, and ability to buy back stock is limited by rules, and they have enough cash flow to produce all the new product inventory they need (a lot of ifs), then they should be able to pay back that note this quarter, accompanied by extra consulting pay for his troubles. That would go a long way to restoring investor confidence.
But if Ray wants to keep the note as an insurance policy, then it might take a little extra to convince him to give it up.
if the process is out of his hands how can he claim an Uplisting this quarter if the chill being removed is out of his hands?
Do you seriously think he can do anything to stop people from routing their trades through Vndm?
since VNDM does not really buy
VNDM #1 MM for MDIN in April!
109,437,213
Yes, that happened... 3 years ago. It's over.
You will find that 80% of their companies are Caveat Emptor or STOPS.
It's nice and warm this week, so at least one kind of "chill" has been removed. Hoping the other kind of chill goes down this week, too.
Nick knows the Chill is the most important thing to get his share price up higher. People write him 100 times a day about it, and he really cares about the shareholders.
If you look at LULU, you can see that retail can get valuations of 7x sales, or higher, if the growth is high, just as Beezer siad.
I think LULU is overvalued because it can't sustain the % growth that BRAV can, but it continues to keep its high valuation.
Here's another valuation for you: earnings.
Based on 155k earnings, projected over 4 quarters (620k), the P/E ratio for BRAV right now at a price of .029, is 32.6.
This is not high for such a high growth company.
Interesting that they're continuing to do work to clean up the balance sheet.
Danny had "loaned" $800k to the company over the years, maybe by not taking pay, or giving his pay right back to the business. Either way, it was a liability on the balance sheet, of money owed to him, I assume.
Now, he has converted that $800k debt into 1,000,000 Convertible C shares, with 2000 voting rights for each share, essentially giving him more voting rights than all the A shares, and with them being convertible to 80 common shares each, or eventually 80 million shares, which right now would be worth more than double the debt that they're replacing, so it's a fair conversion.
Of course, authorized share count doesn't currently cover the conversion of all these shares.
Anyway, I like that the balance sheet is getting cleaner. Still a ways to go, though.
It also costs close to $200,000 to open a new store, and he just didn't have that kind of free cash flow. However, that's starting to change now, with the increased profits.
Priorities a few months ago were the ecommerce sites as TG mentioned, and a buyback. Now that the stock price is up, any more buyback is off the table, so there should be enough cash flow now to both build up the e-commerce AND open one or 2 new stores this summer, if Danny feels that the time is right economy-wise.
I agree. Do not panic. I expect sales to be between 1.5 million and 1.6 million, which is less than some are expecting, but still represents a significant boost from Q4, which is normally retail's strongest quarter.
Q2 and Q3 in retail are usually big drops from Q1, but I expect that through their new initiatives and fast growth, they may be able to keep them even with Q1 sales, which would actually be an extremely bulliish sign.
There were problems with quotes on Scottrade, TD Ameritrade and Etrade for some folks today. It seems that some, including me, were seeing bid sizes and ask sizes at 100 times the actual amounts. 2 extra 0's on the end.
This was for ALL my stocks, not just MDIN.
I don't know why, but it was happening for me all day.
The number I was seeing was 100 times bigger. It still seems like there are 2 extra 0's on the end of all the bids and asks.
Strange.
I'm seeing 59,900,000 on the ask on both Etrade and Scottrade. That's almost 9% of the shares outstanding. Hard to believe that number.